Displaying 21 - 30 of 79 Forum PostsPrev 1 2 3 4 5 Next
  • Mar 24, 2021 02:37 PM
    Last: 7mo
    Retirement goals have slowly become impossible goals. There's so many roadblocks in the way now to make a comfortable retirement easily obtainable. Sorry to not answer your question..
  • Mar 22, 2021 02:22 PM
    Last: 7mo
    WyattTown Wrote: Robinhood used to be but after the Gamestop fiasco I would advise steering clear. I think Etrade or TD Ameritrade are solid, they advertise $0 trade fees. High on Nerdwallet's recommended list, a site I personally trust.
    I agree. TD and Etrade are good for zero fees.
  • Mar 25, 2021 02:23 PM
    Last: 7mo
    WyattTown Wrote:

    The average annual return over the past 10 years or so is 13.6% which beats out the overall stock market of 9.2%. Of course from year to year it does much better or worse but just talking avgs. Even when we suffer recessions or depressions if you hold steady I think you can do a lot worse. Anyone diversified in the S&P 500 or is there something I'm missing that makes this not the safer bet that I think it looks like?

    From the numbers you posted it looks like a solid long term investment. There's always a chance of losing investment of course but it's history shows a strong hold in gains.
  • Mar 25, 2021 02:45 PM
    Last: 7mo
    We all know inflation steadily rises over time. Sometimes it shoots up here and there, but for the most part it's a steady rise. usually to compensate for this we have increased cost of living wages and whatnot, but we (the US) has been pretty lacking in that department for a good while now. So as we see inflation rise and wages and stuff stay the same, it creates a pretty big problem for normal people to be financially secure. With all that, is there a better system that we are working towards to solve this issue? Is there ever going to come a day where we figure out how to slow down inflation so the wages don't have to continuously go up? That sounds like a logical route to me.
  • May 27, 2020 06:50 PM
    Last: 7mo
    Does anyone know any helpful tips with the stimulus and filing taxes this year?
  • Mar 24, 2021 05:49 PM
    Last: 7mo
    suzieo Wrote:

    Seriously? No thanks.

    I agree. I think it was a great idea for the time though. People aren't the same as they were then now days.
  • Mar 24, 2021 03:49 PM
    Last: 7mo
    suzieo Wrote: Very true. At the very least do your homework. If you have a lot of extra money you don't have to wait but you might be surprised how much work goes into it. Still though with renting you get to rely on a landlord.. that goes away with home ownership.
    Having a landlord to take care of the big stuff is a huuuuge plus. Stuff like this is what first time home buyers need to experience before purchasing. It may even show them that buying a home isn't for them, at least for the time being.
  • Mar 24, 2021 03:49 PM
    Last: 7mo
    This is something I always recommend when talking with anyone that's thinking about buying their first home. In my opinion, always rent a house for at least a year before purchasing your first home. I know it seems like if you don't buy that house it'll be gone and you'll never get the same opportunity again, but you just have that feeling because you want it, not because it's logical. Renting a house can show you a little bit of how much work goes into maintaining a house. It can show you what it's like to take care of the lawn, pay bills, pest control, etc, etc that you don't get from say an apartment. If you can't handled maintaining a rented house then you're definitely not ready to own one.
  • Mar 23, 2021 02:19 PM
    Last: 7mo
    WyattTown Wrote: Depends on your credit history. Do you have any history of outstanding debts with dept store cards in the past? That could be why.
    Nope. None whatsoever. Actually, maybe that's the issue? I've never had a store credit card at all.
  • Mar 23, 2021 12:10 PM
    Last: 7mo
    this story has always fascinated me. I know from personal experience that it's possible to trade up on anything. As long as you play your cards right and make the right decisions when trading, there's a great chance you could do exactly what this guy did. He did it much more dramatic than most, but the story stays the same.